2004.06.15 - notice of meeting - commauto.com

NOTICE OF MEETING

ACTUARIAL COMMITTEE

A meeting of the Actuarial Committee will be held at the offices of Commonwealth Automobile Reinsurers, 100 Summer Street, Boston on

TUESDAY, JUNE 15, 2004 AT 10:00 A.M.

MEMBERS OF THE COMMITTEE

Mr. Arthur J. Remillard, Jr. – Chairman The Commerce Insurance Company

Mr. Geoffrey Arnold Plymouth Rock Assurance Corporation Mr. Gavin C. Blair OneBeacon Insurance Mr. David F. Brussard Safety Insurance Company Mr. Thomas S. Carpenter Arbella Mutual Insurance Company Mr. Joseph F. Cofield Metropolitan P & C Insurance Company Mr. L. Kevin Conlee Encompass Insurance Mr. Timothy J. DelGrande Norfolk & Dedham Group Mr. Scott B. Gerlach National Grange Mutual Insurance Company Mr. Sumner D. Gilman Economy Insurance Agency, Inc. Ms. Mary T. Hosford Fireman’s Fund Insurance Company Mr. Stephen J. McAnena Liberty Mutual Group Mr. Mark R. Silva Benson, Young & Downs Insurance Agency, Inc. Ms. Stacy J. Weinman The Hanover Insurance Company Mr. Richard E. Welch The Premier Insurance Company of Mass.

AGENDA

AC 04.01 Records of Previous Meeting The Records of the Actuarial Committee meeting of May 18, 2004 will be distributed prior to the meeting.

CAR

THIS DOCUMENT CONTAINS 55 PAGES You may prefer to print only those sections of the document that are relevant to your needs by adjusting the page range option on the print menu.

Notice of Meeting -2- June 15, 2004 Actuarial Committee

AC 04.02 Private Passenger Reform Proposal

The Actuarial Committee should begin discussions relative to a number of issues relating to the private passenger automobile reform initiative which have been recommended for further analysis. Staff will distribute an outline under separate cover to provide some background and to assist the Committee in its consideration of the following issues:

Classification of A-Affordable Insurance Agency in determining high loss ratio ERP status

Inclusion of minimum allowable exposure and withdrawal provisions for ERP deficit sharing during the transition

Development of expense allowance and loss ratio incentive portions of the high loss ratio ERP designated servicing carrier program

Formula for sharing in CAR’s administrative expenses Other assigned risk plan issues

AC 04.03 Private Passenger Rule 12 Credit Methodology

The Actuarial Committee should continue its review of the territory/class matrix methodology for determining Rule 12 Credit Indications. Specifically, the Committee will consider the following:

1. Subsidy Analysis The AIB has completed its study on the rate subsidies by statistical class and territory. (Docket #AC04.03, Exhibit #1) The study is based on the 2003 rate year and was developed using two alternatives and various credibility assumptions. The Committee should review these results in order that the AIB may finalize the subsidy calculation to be used for the 2004 rate year.

2. Credit Methodology

To assist the Committee in its evaluation of the matrix methodology, CAR staff has developed exhibits comparing the Actuarial Committee’s Policy Year 2004 Rule 12 credit selections versus credit indications using the matrix calculations. (Docket #AC04.03, Exhibit #2)

3. Alternative Credit Methodologies Attached is a letter from Premier Insurance Company (Docket #AC04.03, Exhibit #3) requesting that the Actuarial Committee consider alternative credit structures during the private passenger automobile reform transition period.

Other Business To transact any other business that may properly come before this Committee.

Notice of Meeting -3- June 15, 2004 Actuarial Committee

Executive Session

The Committee may convene in Executive Session in accordance with the provisions of the Massachusetts General Laws, Chapter 30A, Section 11A1/2.

JOHN DEPHILLIPS Actuarial/Statistical Analyst II

Attachments

Boston, Massachusetts June 4, 2004

CAR DOCKET #AC04.03EXHIBIT #1

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June 15, 2004

TO: Members of CAR Actuarial Committee RE: Private Passenger Rule 12 Credit Methodology Attached are reports which analyze the impact of using the matrix methodology for determining Rule 12 credit indications. Specifically, the AIB has developed two alternatives for calculating rate subsidies by statistical class and territory for the 2003 rate year. Alternative #1 starts with the Massachusetts standard rate class/territory cost-based rates and “unravels” the statistical class level of detail from this result. Alternative #2 determines statistical class/territory cost-based rated directly from the loss experience. Using both of the alternative subsidy calculations, CAR staff has prepared resulting policy year 2004 credit indications as follows:

Determine a weighted average of the standard and compulsory package subsidies per the AIB subsidy analysis. Weights are calculated using a distribution of exposures by limit, and are available by territory and class upon request.

Incorporate the $185 value of a credit, consistent with the Actuarial Committee’s selection for policy year 2004.

All other parameters restricting the credit indications have been eliminated in this initial calculation including the cap of 9.0, restrictions on increases and decreases in credit values, and restrictions on adding and removing credit-eligible cells.

These credit indications are then compared to the Actuarial Committee’s selections for the policy year 2004 credit offer, to assist the committee in their discussion regarding a transition to the matrix methodology. The following summary reports are attached:

Comparison of potential credits by territory: This report summarizes the actual policy year 2004 potential credits by territory, including additive classification credits available in each territory. A comparison to the indicated available credits under each of the two matrix alternatives is then provided.

Comparison of potential credits by classification: This report summarizes the actual policy year 2004 potential credits by classification, including additive territory credits available in each class. A comparison to the indicated available credits under each of the two matrix alternatives is then provided.


PAGE 1 OF 10

Members of CAR Actuarial Committee -2- June 15, 2004

Distribution of policy year 2003 exposures by territory and classification

Distribution of actual policy year 2004 potential credit values, as selected by the committee and reflecting additive values by territory and classification.

Distribution of indicated policy year 2004 potential credit values by territory and classification, as calculated using each of the two matrix alternatives.

Distribution of weighted average 2003 rate subsidies by territory and classification, as calculated using each of the two matrix alternatives.

The following observations can be made from reviewing the attached exhibits and may be used as the starting point of discussions by the committee:

Actual available 2004 credits: 2,877,619

Indicated available 2004 credits using matrix alternative #1: 1,485,003 (48.4%)

Indicated available 2004 credits using matrix alternative #2: 1,555,908 (45.9%)

Motorcycle and miscellaneous class credits eliminated: 7,109

Out-of-state territory credits eliminated: 13,991

Number of new credit-eligible cells in alternative #1: 18

o Resulting additional credits available: 37,915

Number of new credit-eligible cells in alternative #2: 16

o Resulting additional credits available: 23,859

Number of credit-eligible cells eliminated in alternative #1: 209

o Resulting available credits eliminated: 450,832

Number of credit-eligible cells eliminated in alternative #2: 222

o Resulting available credits eliminated: 432,263

NATALIE HUBLEY Sr. Manager of Actuarial/Statistical Services

Attachments


PAGE 2 OF 10

Credit Summary ReportPY 2004 Selected Credits vs Matrix Methodology

By TerritoryIncludes All Potential Credits (Ceded and Retained)

PY 2004 PY 2004 % PY 2004 %Territory Selected Credits Subsidy Calculation #1 Difference Subsidy Calculation #2 Difference

1 64,535 18,474 -71.37% 20,273 -68.59%2 116,441 27,384 -76.48% 30,579 -73.74%3 140,321 39,997 -71.50% 39,829 -71.62%4 125,407 38,042 -69.67% 42,894 -65.80%5 199,045 71,871 -63.89% 78,676 -60.47%6 91,620 46,623 -49.11% 46,869 -48.84%7 107,501 45,248 -57.91% 50,671 -52.86%8 52,923 25,195 -52.39% 27,110 -48.78%9 91,506 41,146 -55.03% 48,728 -46.75%

10 38,337 20,251 -47.18% 22,926 -40.20%11 66,060 29,423 -55.46% 31,743 -51.95%12 78,531 53,486 -31.89% 58,701 -25.25%13 155,877 64,440 -58.66% 70,731 -54.62%14 138,859 44,908 -67.66% 49,120 -64.63%15 521,750 317,290 -39.19% 323,906 -37.92%16 209,273 129,299 -38.22% 132,954 -36.47%17 4,583 3,553 -22.46% 3,495 -23.73%18 52,694 41,307 -21.61% 41,839 -20.60%19 42,851 29,884 -30.26% 30,205 -29.51%20 59,758 50,468 -15.55% 50,613 -15.30%21 222,532 187,129 -15.91% 191,767 -13.83%22 71,301 58,886 -17.41% 58,908 -17.38%23 18,112 17,909 -1.12% 18,303 1.05%24 21,502 14,954 -30.45% 16,194 -24.69%25 9,964 6,942 -30.33% 7,400 -25.73%26 49,159 32,710 -33.46% 34,843 -29.12%27 113,187 28,184 -75.10% 26,632 -76.47%99 13,991 0 -100.00% 0 -100.00%

Total 2,877,619 1,485,003 -48.39% 1,555,908 -45.93%


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Credit Summary ReportPY 2004 Selected Credits vs Matrix Methodology

By ClassIncludes All Potential Credits (Ceded and Retained)

Rate Stat PY 2004 PY 2004 % PY 2004 %Class Class Selected Credits Subsidy Calculation #1 Difference Subsidy Calculation #2 Difference

10 10 845,442 477,073 -43.57% 484,607 -42.68%10 20,40 13,194 13,836 4.87% 14,638 10.95%10 22,42 330,996 220,276 -33.45% 238,628 -27.91%10 24,26 108,152 98,765 -8.68% 107,124 -0.95%15 15 123,764 35,568 -71.26% 21,031 -83.01%17 10 107,720 28,528 -73.52% 26,387 -75.50%17 15 60 34 -43.30% 19 -67.98%17 22,42 353,888 109,810 -68.97% 121,828 -65.57%17 24,26 15,830 14,216 -10.20% 14,092 -10.98%18 10 15,729 1,648 -89.52% 1,641 -89.56%18 20,40 3,335 5,541 66.14% 6,230 86.81%18 24,26 3,787 275 -92.74% 310 -91.82%30 30 8,951 0 -100.00% 0 -100.00%90 90 7,109 0 -100.00% 0 -100.00%

ExcludedClasses

20 10 114,308 72,859 -36.26% 73,748 -35.48%20 15 84 160 90.11% 121 43.55%20 22 114,243 149,356 30.74% 156,393 36.90%20 24 100,630 53,820 -46.52% 53,087 -47.25%21 10 9,001 3,114 -65.41% 2,478 -72.47%21 20 31,340 13,664 -56.40% 14,128 -54.92%21 24 13,199 6,727 -49.03% 6,255 -52.61%25 10 4,889 1,032 -78.90% 842 -82.78%25 15 189 5 -97.53% 3 -98.48%25 26 97,556 8,484 -91.30% 26,445 -72.89%25 42 367,313 156,473 -57.40% 170,103 -53.69%26 10 1,008 262 -74.02% 294 -70.85%26 26 4,698 123 -97.38% 161 -96.57%26 40 81,205 13,356 -83.55% 15,315 -81.14%

Total 2,877,619 1,485,003 -48.39% 1,555,908 -45.93%


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PY 2003 PDL Exposures

Rate StatClass Class 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 99 Total

10 10 128,614 226,727 281,430 252,004 364,210 176,680 194,872 95,476 170,114 62,052 87,547 130,045 144,689 78,577 151,865 27,880 11,828 12,410 12,409 12,768 33,065 7,474 30,322 17,881 9,057 14,396 237,255 3,549 2,975,195

10 20,40 351 677 837 624 998 595 541 354 495 150 270 335 468 196 268 25 41 20 36 26 41 18 117 162 22 29 608 33 8,337

10 22,42 1,816 3,235 4,135 3,836 6,077 2,906 3,465 1,874 2,857 1,076 1,538 2,402 3,384 1,568 2,455 465 144 184 179 160 372 108 817 1,230 182 256 3,186 498 50,404

10 24,26 2,251 3,940 5,342 4,692 6,935 3,576 4,104 2,079 3,553 1,295 1,854 2,846 3,893 1,518 2,518 388 194 152 249 154 363 113 992 1,470 251 229 3,768 497 59,213

15 15 21,928 46,514 55,149 53,354 72,488 33,415 38,564 19,703 30,479 15,095 16,321 26,200 22,879 11,216 26,994 3,447 2,643 1,493 1,174 1,781 4,182 960 2,544 1,745 1,087 1,861 49,696 540 563,453

17 10 381 599 810 945 1,244 501 750 451 985 361 601 1,083 1,531 888 2,526 949 67 205 175 194 1,200 359 361 226 130 287 535 18 18,360

17 15 7 3 4 11 7 5 7 2 8 2 4 6 8 1 13 0 0 1 1 2 4 1 0 0 1 0 10 0 106

17 22,42 2,354 4,348 5,089 4,577 7,658 3,361 4,086 1,926 3,086 1,372 1,756 2,397 2,629 1,627 3,216 656 126 206 113 207 554 182 473 458 103 288 4,225 1,046 58,120

17 24,26 2,337 4,277 5,047 4,553 7,501 3,267 3,895 1,741 3,049 1,321 1,753 2,471 2,394 1,636 3,146 566 114 161 117 184 564 182 368 422 90 172 3,830 1,085 56,245

18 10 123 217 289 369 397 183 252 144 325 81 167 270 416 215 409 128 26 33 44 35 150 37 84 69 26 48 204 7 4,746

18 20,40 1,051 1,883 2,441 1,789 2,737 1,442 1,276 674 1,047 349 626 711 676 412 594 110 92 55 52 49 118 15 122 62 34 48 1,823 64 20,352

18 24,26 1,222 2,036 2,670 1,908 2,905 1,563 1,390 772 1,126 414 792 754 649 455 674 132 113 70 40 55 131 23 101 93 31 58 2,088 92 22,356

30 30 3,066 5,649 6,430 5,234 7,792 3,601 3,427 1,737 2,936 953 1,180 1,932 1,844 949 1,678 193 179 143 194 127 361 56 540 320 125 167 7,555 61 58,429

90 90 2,578 4,605 5,053 4,496 6,835 3,300 3,576 1,429 2,549 924 1,253 1,534 1,337 787 1,652 205 90 75 85 101 177 46 170 126 71 69 5,005 68 48,193

Excluded

Classes

20 10 149 270 283 355 521 196 295 152 429 210 289 600 1,004 482 1,711 993 36 124 196 140 1,004 311 205 139 78 439 247 7 10,865

20 15 4 5 4 3 5 1 2 0 3 2 2 1 3 1 10 1 0 1 0 3 4 5 2 1 0 0 3 0 67

20 22 260 441 534 622 834 334 481 266 564 250 390 612 961 508 1,622 640 25 83 85 105 545 172 175 141 34 312 400 39 11,435

20 24 255 405 492 488 786 308 417 221 519 221 341 553 831 519 1,455 457 22 92 66 106 548 170 152 92 56 129 354 37 10,092

21 10 51 124 148 191 231 100 147 50 166 49 92 172 284 131 267 105 11 21 29 24 102 30 47 41 18 36 111 2 2,779

21 20 107 211 274 267 305 155 172 77 206 60 125 137 208 128 264 72 16 27 15 23 96 20 35 42 8 18 214 7 3,289

21 24 117 215 264 241 320 153 191 85 207 70 120 162 190 139 228 70 20 16 20 24 112 19 34 32 5 14 217 1 3,285

25 10 36 65 78 64 108 52 44 44 62 26 43 76 124 40 91 45 7 13 6 9 33 11 14 17 9 14 43 4 1,180

25 15 2 1 1 3 0 7 1 1 0 2 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 2 0 24

25 26 1,980 3,465 4,055 3,398 5,745 2,657 3,022 1,218 2,091 1,048 1,205 1,671 1,289 915 2,005 253 79 92 33 96 207 45 76 41 48 84 3,560 273 40,652

25 42 2,095 3,943 4,454 3,642 6,246 2,843 3,182 1,424 2,314 1,088 1,395 1,781 1,439 1,105 2,219 379 84 115 56 100 260 63 93 64 65 95 3,857 287 44,689

26 10 43 45 64 44 83 61 28 31 56 7 30 23 36 20 36 6 4 4 2 4 13 2 16 3 3 3 43 2 713

26 26 2,144 3,512 4,624 3,245 4,869 2,509 2,300 1,071 1,693 587 1,107 1,125 1,016 578 946 138 159 79 51 78 136 17 96 76 52 67 3,510 46 35,829

26 40 2,004 3,485 4,513 3,171 4,550 2,606 2,166 1,107 1,651 549 1,070 1,007 983 584 897 133 146 68 55 72 139 20 92 62 57 82 3,517 41 34,827

Total 177,325 320,898 394,514 354,124 512,387 246,379 272,652 134,107 232,571 89,614 121,872 180,906 195,164 105,195 209,763 38,436 16,266 15,941 15,481 16,625 44,481 10,459 38,046 25,016 11,643 19,201 335,865 8,305 4,143,235

Territory


PAGE 5 OF 10

PY 2004 Credit ValuesCommittee Selections - Territory and Class Additive

Rate StatClass Class 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 99

10 10 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.010 20,40 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.4 1.7 2.2 3.3 5.9 1.4 4.2 3.7 4.5 5.6 7.2 1.4 1.5 1.8 3.2 1.4 1.410 22,42 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.4 6.3 6.6 7.1 8.2 10.8 6.3 9.1 8.6 9.4 10.5 12.1 6.3 6.4 6.7 8.1 6.3 6.310 24,26 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.6 1.9 2.4 3.5 6.1 1.6 4.4 3.9 4.7 5.8 7.4 1.6 1.7 2.0 3.4 1.6 1.615 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.017 10 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.9 4.8 5.1 5.6 6.7 9.3 4.8 7.6 7.1 7.9 9.0 10.6 4.8 4.9 5.2 6.6 4.8 4.817 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.017 22,42 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.9 5.8 6.1 6.6 7.7 10.3 5.8 8.6 8.1 8.9 10.0 11.6 5.8 5.9 6.2 7.6 5.8 5.817 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.018 10 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.8 2.7 3.0 3.5 4.6 7.2 2.7 5.5 5.0 5.8 6.9 8.5 2.7 2.8 3.1 4.5 2.7 2.718 20,40 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.018 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.030 30 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.090 90 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.0

ExcludedClasses

20 10 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.1 9.0 9.3 9.8 10.9 13.5 9.0 11.8 11.3 12.1 13.2 14.8 9.0 9.1 9.4 10.8 9.0 9.020 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.020 22 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.1 9.0 9.3 9.8 10.9 13.5 9.0 11.8 11.3 12.1 13.2 14.8 9.0 9.1 9.4 10.8 9.0 9.020 24 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.1 9.0 9.3 9.8 10.9 13.5 9.0 11.8 11.3 12.1 13.2 14.8 9.0 9.1 9.4 10.8 9.0 9.021 10 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.6 2.5 2.8 3.3 4.4 7.0 2.5 5.3 4.8 5.6 6.7 8.3 2.5 2.6 2.9 4.3 2.5 2.521 20 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.1 9.0 9.3 9.8 10.9 13.5 9.0 11.8 11.3 12.1 13.2 14.8 9.0 9.1 9.4 10.8 9.0 9.021 24 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.5 3.8 4.3 5.4 8.0 3.5 6.3 5.8 6.6 7.7 9.3 3.5 3.6 3.9 5.3 3.5 3.525 10 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.5 3.8 4.3 5.4 8.0 3.5 6.3 5.8 6.6 7.7 9.3 3.5 3.6 3.9 5.3 3.5 3.525 15 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.9 7.8 8.1 8.6 9.7 12.3 7.8 10.6 10.1 10.9 12.0 13.6 7.8 7.9 8.2 9.6 7.8 7.825 26 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.3 2.2 2.5 3.0 4.1 6.7 2.2 5.0 4.5 5.3 6.4 8.0 2.2 2.3 2.6 4.0 2.2 2.225 42 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.1 8.0 8.3 8.8 9.9 12.5 8.0 10.8 10.3 11.1 12.2 13.8 8.0 8.1 8.4 9.8 8.0 8.026 10 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.1 1.4 1.9 3.0 5.6 1.1 3.9 3.4 4.2 5.3 6.9 1.1 1.2 1.5 2.9 1.1 1.126 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.3 0.8 1.9 4.5 0.0 2.8 2.3 3.1 4.2 5.8 0.0 0.1 0.4 1.8 0.0 0.026 40 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.3 2.2 2.5 3.0 4.1 6.7 2.2 5.0 4.5 5.3 6.4 8.0 2.2 2.3 2.6 4.0 2.2 2.2

Value of a credit:

Territory

$185


PAGE 6 OF 10

PY 2004 Credit ValuesMatrix Indications - Subsidy Calculation #1


10 10 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 0.0 2.6 1.6 3.2 3.5 4.6 0.0 0.0 0.1 0.8 0.0 0.010 20,40 1.2 1.8 1.3 1.4 1.7 0.8 1.7 1.9 2.2 2.1 2.2 2.5 0.7 2.5 3.0 4.4 2.2 3.8 7.8 4.1 7.8 6.1 0.4 2.9 2.6 5.5 0.3 0.010 22,42 3.0 3.0 3.0 2.8 3.8 3.5 4.1 5.0 4.1 4.0 4.0 4.9 4.3 4.8 9.9 12.9 6.4 14.5 13.4 15.4 16.8 15.3 4.8 5.0 7.8 10.5 2.6 0.010 24,26 1.1 1.2 1.3 1.8 1.6 1.2 1.5 1.2 1.6 2.0 1.4 1.6 0.9 1.4 4.4 6.9 2.6 8.9 5.6 9.2 8.6 10.8 1.2 1.1 1.4 2.8 1.2 0.015 15 0.1 0.0 0.1 0.0 0.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 1.3 0.3 0.0 0.0 0.0 0.1 0.017 10 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.9 0.0 0.3 0.9 3.1 5.0 0.0 0.9 2.1 1.3 5.8 6.4 4.7 1.7 4.3 3.8 0.0 0.017 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 3.9 0.0 0.0 0.8 0.0 3.6 4.1 1.2 0.0 0.7 2.5 0.0 0.017 22,42 1.1 0.7 0.4 0.7 1.0 1.5 1.2 0.9 1.2 0.8 1.0 2.7 3.2 3.6 6.4 11.0 3.4 5.3 7.2 2.3 13.7 14.4 5.1 3.7 6.0 8.8 1.0 0.017 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.0 1.0 0.0 0.1 1.8 3.1 6.7 5.1 1.1 0.2 0.2 2.1 0.0 0.018 10 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7 3.1 0.3 0.0 0.0 0.0 0.0 1.1 0.0 0.0 1.5 0.0 0.7 1.0 0.0 0.0 4.8 4.4 0.0 0.018 20,40 0.0 0.0 0.0 0.2 0.1 0.0 0.7 0.5 0.2 0.0 0.2 1.2 0.3 0.9 0.9 3.2 0.0 0.0 0.0 1.5 4.9 4.7 2.1 0.8 0.0 0.1 0.0 0.018 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 0.0 0.4 0.3 0.0 0.0 2.7 0.0 0.0 0.0 0.0 0.0 0.030 30 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.090 90 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

ExcludedClasses

20 10 0.0 0.0 0.0 0.1 0.4 1.5 1.2 1.7 2.5 3.4 3.5 4.9 5.7 6.8 9.3 11.9 3.0 5.7 7.3 8.4 13.7 15.2 8.1 5.8 7.9 9.7 0.0 0.020 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 1.2 1.4 2.6 4.2 9.2 0.0 2.4 2.5 2.8 7.5 8.8 4.2 2.4 3.0 6.4 0.0 0.020 22 4.2 6.1 5.7 8.1 6.9 6.8 7.5 9.9 9.2 13.9 10.7 13.3 13.7 15.2 18.7 22.6 10.2 13.7 17.6 15.4 25.1 27.1 17.1 13.8 16.7 19.4 5.4 0.020 24 0.0 0.0 0.1 0.4 0.6 1.9 1.4 5.8 1.9 3.9 5.2 6.0 5.1 7.7 10.3 11.1 7.1 9.4 6.6 7.2 12.9 15.8 7.4 5.5 11.7 9.1 0.0 0.021 10 1.7 0.0 0.0 0.0 0.3 0.0 0.9 0.3 1.7 0.0 0.0 0.0 2.6 0.2 1.0 4.2 0.0 1.7 0.1 0.0 4.4 5.2 4.7 3.6 0.2 1.2 0.0 0.021 20 2.3 2.6 2.9 3.1 2.6 2.8 3.5 6.5 3.6 5.4 3.9 4.3 4.2 4.6 7.8 10.1 4.5 4.0 4.7 4.3 10.3 15.4 5.4 4.1 5.0 6.5 1.7 0.021 24 0.1 1.5 0.1 3.2 0.3 2.4 2.8 0.4 0.5 5.9 1.2 1.0 3.6 1.4 4.4 5.8 1.8 4.3 6.6 1.1 6.6 7.0 1.7 5.3 1.5 6.2 0.0 0.025 10 0.0 0.0 0.8 0.0 0.0 0.2 0.9 1.3 1.6 4.3 3.6 3.6 1.0 0.0 0.0 0.0 4.1 1.8 0.0 0.0 0.0 3.6 0.0 0.0 0.0 0.0 0.2 0.025 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 3.7 0.0 0.0 0.3 0.0 4.0 5.4 1.0 0.0 0.7 2.1 0.0 0.025 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 1.3 2.2 2.6 0.0 0.2 0.0 0.0 3.7 4.2 1.9 2.0 1.9 1.9 0.0 0.025 42 1.8 1.3 1.5 1.9 2.0 3.0 3.6 3.6 3.7 5.0 6.4 6.7 7.4 7.3 10.7 9.2 6.4 5.0 12.4 4.4 18.5 19.6 8.9 10.4 13.2 15.2 0.9 0.026 10 0.7 0.0 0.0 0.0 0.1 0.0 0.0 0.6 0.0 0.0 2.6 1.4 0.0 0.0 1.4 0.0 2.3 3.0 0.0 0.0 0.1 5.3 0.0 0.0 3.7 0.7 0.0 0.026 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.026 40 0.0 0.0 0.3 0.2 0.2 0.3 0.4 0.6 0.7 0.0 0.8 1.6 0.0 2.9 1.3 3.9 1.0 1.1 4.3 0.3 2.9 3.8 0.0 0.0 0.6 1.9 0.0 0.0

Value of a credit:

Territory

$185


PAGE 7 OF 10

PY 2004 Credit ValuesMatrix Indications - Subsidy Calculation #2


10 10 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.6 0.0 2.6 1.6 3.2 3.6 4.6 0.0 0.0 0.1 0.9 0.0 0.010 20,40 1.3 1.8 1.4 1.5 1.8 1.0 1.8 1.9 2.3 2.3 2.3 2.6 0.8 2.7 3.1 4.0 2.0 4.0 8.0 4.4 7.5 6.5 0.5 3.2 2.4 4.9 0.4 0.010 22,42 3.4 3.3 3.3 3.2 4.2 3.8 4.5 5.4 4.5 4.4 4.3 5.3 4.7 5.0 10.2 13.3 6.8 15.2 14.1 16.2 17.1 16.4 5.3 5.5 8.1 11.1 2.9 0.010 24,26 1.2 1.3 1.5 2.0 1.7 1.3 1.7 1.3 1.7 2.2 1.5 1.7 1.0 1.5 4.6 7.0 2.7 8.9 5.9 9.4 8.8 11.0 1.3 1.3 1.6 3.1 1.4 0.015 15 0.1 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 0.2 0.0 0.0 0.0 0.0 0.017 10 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.7 0.0 0.1 0.7 3.0 4.4 0.0 0.8 1.9 1.3 5.6 6.2 4.7 1.0 4.4 3.6 0.0 0.017 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 3.0 0.0 0.0 0.0 0.0 2.7 3.1 0.5 0.0 0.0 1.7 0.0 0.017 22,42 1.2 0.9 0.6 0.9 1.2 1.7 1.4 1.1 1.5 1.1 1.3 2.9 3.6 3.7 6.5 11.2 3.8 5.6 7.4 2.2 14.0 14.0 5.6 4.0 6.2 9.2 1.2 0.017 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 2.0 1.5 0.0 0.0 1.1 3.0 6.9 5.2 0.4 0.2 0.2 2.1 0.0 0.018 10 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 3.0 0.3 0.0 0.0 0.0 0.0 1.1 0.0 0.0 2.1 0.0 0.6 0.9 0.0 0.0 4.7 5.0 0.0 0.018 20,40 0.0 0.0 0.0 0.3 0.1 0.1 0.8 0.6 0.3 0.0 0.2 1.2 0.5 1.1 0.7 3.4 0.0 0.0 0.0 2.3 4.7 5.2 1.5 0.8 0.0 0.0 0.0 0.018 24,26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 0.0 0.5 0.8 0.0 0.0 3.6 0.0 0.0 0.0 0.0 0.0 0.030 30 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.090 90 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

ExcludedClasses

20 10 0.0 0.0 0.0 0.2 0.5 0.9 1.3 1.8 2.6 3.5 3.5 5.0 5.8 6.9 9.4 12.0 3.1 5.8 7.4 8.5 13.8 15.3 8.3 5.9 8.0 9.9 0.0 0.020 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.5 3.1 7.8 0.0 1.4 1.4 1.7 6.1 7.3 3.1 1.5 1.9 5.2 0.0 0.020 22 4.7 6.5 6.1 8.4 7.0 7.4 8.1 9.3 9.9 13.6 11.4 13.4 14.5 16.0 19.7 23.7 10.8 14.6 19.2 16.3 26.2 28.3 18.0 14.5 17.5 20.4 5.5 0.020 24 0.0 0.0 0.0 0.2 0.0 1.7 1.0 5.1 2.0 3.2 5.3 5.6 5.2 7.7 10.3 11.2 7.1 10.6 6.7 7.8 13.0 15.9 7.5 5.6 14.2 9.2 0.0 0.021 10 1.4 0.0 0.0 0.0 0.0 0.0 0.2 0.0 1.6 0.0 0.0 0.0 1.9 0.0 0.5 4.0 0.0 1.9 0.0 0.0 4.6 4.5 4.8 3.1 0.0 0.7 0.0 0.021 20 2.7 2.9 3.0 3.3 2.7 2.9 3.5 6.6 3.6 5.7 3.9 4.4 4.3 4.7 8.1 10.2 4.5 4.1 4.8 4.4 10.5 15.5 6.5 4.2 5.1 6.6 1.7 0.021 24 0.0 1.4 0.0 3.0 0.2 2.2 2.1 0.5 0.3 5.7 0.8 0.8 3.4 1.2 4.6 5.4 0.9 5.6 7.5 0.8 6.4 6.6 1.5 6.0 1.2 7.0 0.0 0.025 10 0.0 0.0 0.6 0.0 0.0 0.1 0.0 0.9 1.3 4.1 3.0 3.0 0.8 0.0 0.0 0.9 3.8 0.0 0.0 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.025 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 0.0 0.0 0.0 0.0 2.8 4.1 0.0 0.0 0.0 1.1 0.0 0.025 26 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 1.8 1.3 0.4 1.3 2.3 4.7 3.9 1.9 0.0 2.5 0.0 0.0 5.8 4.7 3.3 6.1 4.7 1.8 0.0 0.025 42 2.0 1.4 1.8 2.2 2.3 3.5 4.2 4.1 4.0 5.5 6.7 7.4 7.9 7.5 10.8 9.4 7.1 4.5 11.9 2.6 18.3 18.5 7.5 10.5 13.2 15.3 1.1 0.026 10 1.0 0.0 0.0 0.0 0.2 0.0 0.0 0.5 0.0 0.0 2.6 1.5 0.0 0.0 1.5 0.0 2.4 3.0 0.0 0.0 0.2 8.1 0.0 0.0 3.9 0.9 0.0 0.026 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.026 40 0.0 0.1 0.4 0.2 0.2 0.3 0.6 0.7 0.8 0.0 0.9 1.8 0.0 3.0 1.3 4.3 1.2 1.3 4.5 0.0 3.0 3.1 0.0 0.0 0.7 1.8 0.0 0.0

Value of a credit :

Territory

$185


PAGE 8 OF 10

PY 2004 Weighted Average Subsidy Calculation #1


10 10 90.91 93.46 104.85 78.00 78.35 84.90 99.30 68.84 78.80 70.27 24.08 65.03 54.15 64.48 (177.03) (466.06) 24.51 (480.09) (299.34) (594.76) (656.55) (847.52) 98.09 33.04 (12.68) (156.04) 92.01 0.00

10 20,40 (219.70) (325.32) (244.28) (258.38) (311.10) (156.73) (313.07) (345.41) (414.77) (390.49) (398.67) (460.99) (137.13) (456.62) (556.39) (812.41) (415.06) (708.57) (1,437.25) (764.47) (1,447.27) (1,133.49) (82.08) (542.69) (476.89) (1,016.27) (54.48) 0.00

10 22,42 (561.72) (554.21) (550.97) (526.93) (700.26) (654.05) (761.01) (925.28) (763.83) (743.38) (739.14) (914.68) (786.85) (889.95) (1,829.57) (2,386.26) (1,177.43) (2,684.55) (2,471.60) (2,845.21) (3,109.88) (2,822.66) (886.83) (928.92) (1,436.29) (1,946.04) (475.55) 0.00

10 24,26 (194.26) (220.62) (246.68) (332.94) (286.98) (218.85) (283.03) (221.83) (291.54) (374.49) (256.72) (293.25) (173.81) (255.74) (819.72) (1,269.36) (473.90) (1,641.07) (1,041.23) (1,703.86) (1,595.32) (2,006.04) (230.77) (205.95) (251.61) (516.71) (224.06) 0.00

15 15 (27.38) 0.54 (16.25) (7.67) (22.93) (67.22) (0.07) (0.40) (1.64) 22.02 (7.25) 45.90 71.60 122.79 48.90 194.31 (12.37) 76.92 109.76 50.73 94.43 (235.13) (46.57) 43.01 178.72 58.43 (14.68) 0.00

17 10 149.80 150.28 151.64 106.52 62.08 122.73 158.76 158.69 161.86 (176.16) (171.95) 80.96 (63.22) (165.14) (567.86) (920.37) 83.89 (172.95) (385.76) (233.61) (1,075.81) (1,192.66) (864.20) (323.35) (790.36) (696.10) 148.33 0.00

17 15 308.97 303.89 314.11 336.87 334.90 349.25 363.18 368.13 360.26 406.16 407.67 354.48 197.48 101.00 (205.42) (720.95) 341.82 103.05 (140.75) 28.20 (667.30) (759.06) (229.91) 48.61 (131.10) (469.54) 310.28 0.00

17 22,42 (198.77) (138.42) (68.40) (131.19) (180.75) (271.78) (220.74) (159.75) (229.94) (147.93) (191.01) (497.12) (588.23) (662.54) (1,188.62) (2,028.11) (631.15) (981.43) (1,326.21) (428.43) (2,532.05) (2,656.69) (935.41) (687.07) (1,103.52) (1,635.39) (185.41) 0.00

17 24,26 296.16 213.70 149.10 208.62 269.68 336.69 260.36 205.45 252.59 251.60 280.46 400.54 93.74 (118.26) (374.78) (179.92) 125.34 (25.32) (341.83) (579.25) (1,235.26) (948.81) (209.45) (39.39) (37.02) (382.03) 298.56 0.00

18 10 (164.52) 109.88 27.24 102.08 95.66 109.13 108.24 75.83 (317.27) (565.02) (51.30) 36.38 106.43 58.53 89.29 (209.70) 16.58 131.25 (286.43) 142.41 (129.66) (186.81) 46.33 104.77 (882.08) (805.45) 110.38 0.00

18 20,40 42.70 103.71 37.67 (41.73) (13.34) (5.95) (135.72) (87.87) (41.12) 47.59 (37.10) (217.16) (63.12) (158.55) (170.21) (597.15) 67.03 206.62 352.96 (281.54) (908.52) (864.71) (383.43) (155.10) 338.07 (18.78) 41.31 0.00

18 24,26 138.02 51.38 116.09 178.03 153.71 108.76 237.58 208.84 246.76 222.09 167.24 329.81 116.19 197.83 209.44 (244.24) 75.19 (76.31) (49.58) 169.06 145.29 (492.84) 112.12 149.27 294.28 568.12 117.11 0.00

30 30 118.68 121.47 118.35 102.77 102.72 107.72 105.35 118.57 172.45 95.90 87.33 109.63 162.60 184.10 154.32 161.07 116.24 233.61 197.60 135.21 341.75 173.47 204.08 125.89 152.40 224.66 135.09 0.00

90 90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ExcludedClasses

20 10 106.43 64.24 34.14 (23.36) (81.69) (275.43) (217.45) (315.06) (458.47) (634.12) (639.11) (900.99) (1,059.04) (1,261.65) (1,712.99) (2,200.23) (553.70) (1,052.15) (1,341.86) (1,562.08) (2,530.96) (2,810.40) (1,507.51) (1,079.93) (1,452.58) (1,802.21) 130.87 0.00

20 15 596.27 593.01 576.53 528.16 490.72 454.11 383.36 297.55 166.72 79.27 (54.13) (229.66) (256.51) (477.48) (781.98) (1,705.90) 141.30 (441.48) (462.61) (518.18) (1,390.00) (1,620.34) (784.28) (450.46) (555.83) (1,190.52) 607.12 0.00

20 22 (780.81) (1,122.96) (1,063.73) (1,503.01) (1,271.16) (1,266.31) (1,380.82) (1,833.61) (1,703.41) (2,565.85) (1,971.93) (2,454.63) (2,531.83) (2,810.77) (3,467.13) (4,184.98) (1,879.78) (2,543.70) (3,265.24) (2,840.72) (4,641.89) (5,019.37) (3,170.83) (2,544.89) (3,083.17) (3,594.38) (995.06) 0.00

20 24 187.99 117.44 (23.43) (66.03) (110.86) (346.32) (264.87) (1,066.65) (359.71) (716.65) (961.61) (1,114.00) (951.02) (1,431.44) (1,906.29) (2,049.70) (1,308.35) (1,740.08) (1,223.04) (1,335.74) (2,378.90) (2,922.57) (1,368.64) (1,013.98) (2,165.61) (1,679.89) 35.68 0.00

21 10 (309.11) 102.44 88.88 98.56 (47.49) 97.53 (172.92) (61.32) (314.05) 79.20 80.46 25.94 (483.56) (41.99) (183.62) (784.71) 88.06 (308.58) (16.23) 28.54 (808.77) (959.46) (876.44) (666.75) (39.17) (227.91) 104.66 0.00

21 20 (429.59) (483.22) (541.48) (582.44) (478.91) (513.33) (638.31) (1,204.69) (660.24) (1,002.85) (715.34) (787.78) (778.57) (854.94) (1,442.92) (1,866.17) (824.09) (735.80) (876.84) (802.19) (1,910.96) (2,852.55) (995.02) (759.58) (919.42) (1,199.97) (312.14) 0.00

21 24 (15.96) (273.17) (27.60) (592.15) (64.54) (448.71) (513.69) (80.72) (98.66) (1,093.91) (231.23) (185.92) (667.37) (265.92) (816.83) (1,070.37) (328.06) (792.51) (1,212.87) (197.58) (1,213.59) (1,299.34) (322.40) (971.31) (275.80) (1,150.75) (2.30) 0.00

25 10 233.72 1,049.51 (145.92) 856.49 714.38 (44.76) (170.39) (240.91) (298.04) (802.59) (675.00) (662.78) (190.82) 189.03 294.45 7.48 (753.89) (328.77) 469.65 536.68 91.47 (673.79) 412.27 287.47 62.65 262.70 (29.64) 0.00

25 15 849.73 809.84 796.60 846.03 833.08 810.98 756.72 595.72 574.36 435.61 441.36 235.40 109.95 16.96 (373.87) (683.67) 517.69 168.06 (50.64) 17.37 (743.66) (1,002.45) (180.55) 133.12 (136.60) (393.66) 716.11 0.00

25 26 490.23 420.66 422.04 459.62 335.05 400.03 384.14 369.32 93.16 113.63 216.73 46.77 (102.17) (244.33) (404.76) (472.23) 373.94 (42.57) 196.31 201.55 (683.05) (786.05) (351.64) (363.02) (344.57) (356.18) 442.56 0.00

25 42 (336.06) (241.04) (285.93) (352.85) (376.30) (561.00) (672.50) (673.26) (682.41) (918.35) (1,187.90) (1,246.70) (1,370.79) (1,356.73) (1,988.54) (1,694.17) (1,178.19) (918.36) (2,295.88) (818.85) (3,430.12) (3,622.10) (1,650.33) (1,929.06) (2,433.83) (2,810.64) (159.34) 0.00

26 10 (137.42) 106.66 85.01 466.93 (21.54) 277.63 10.74 (102.32) 522.14 531.91 (474.80) (265.59) 550.19 496.11 (255.92) 6.08 (434.15) (561.42) 507.44 299.49 (25.70) (982.27) 529.99 518.89 (686.70) (126.17) 263.05 0.00

26 26 108.77 190.67 210.80 209.16 190.97 211.41 253.64 323.60 298.17 275.57 295.67 324.46 290.16 345.65 247.00 227.47 398.09 944.30 928.47 (263.19) 657.43 495.92 272.03 476.23 27.59 (30.96) 130.13 0.00

26 40 67.34 (3.59) (59.09) (30.95) (32.30) (48.79) (65.46) (101.90) (136.97) 20.95 (141.84) (300.89) 42.12 (531.42) (241.28) (725.67) (188.12) (205.52) (786.99) (56.94) (537.82) (711.56) 432.55 354.45 (106.29) (360.51) 11.90 0.00

Territory


PAGE 9 OF 10

PY 2004 Weighted Average Subsidy Calculation #2


10 10 89.95 92.36 104.42 77.28 77.84 84.73 98.91 69.06 78.08 69.19 22.99 63.22 52.35 62.43 (180.73) (473.61) 22.56 (484.35) (299.74) (600.31) (660.43) (850.99) 98.78 36.51 (14.25) (157.80) 91.13 0.00

10 20,40 (235.74) (339.84) (263.90) (285.44) (335.89) (177.13) (336.12) (360.57) (425.22) (423.36) (421.09) (489.18) (150.12) (496.43) (567.17) (732.85) (365.52) (746.38) (1474.54) (809.87) (1383.96) (1200.84) (93.28) (593.19) (444.52) (906.21) (72.50) 0.00

10 22,42 (620.28) (618.44) (619.71) (589.38) (767.93) (712.24) (830.03) (998.10) (835.08) (806.69) (795.05) (972.41) (871.85) (928.54) (1888.21) (2457.52) (1263.56) (2818.63) (2600.77) (2987.79) (3157.50) (3028.66) (981.29) (1022.23) (1495.23) (2060.38) (538.07) 0.00

10 24,26 (217.09) (249.13) (277.73) (367.72) (317.53) (245.01) (315.10) (245.54) (316.93) (402.51) (277.55) (317.72) (191.43) (275.68) (857.98) (1294.73) (495.60) (1653.28) (1088.99) (1738.36) (1636.52) (2034.42) (237.11) (248.76) (301.13) (578.53) (252.51) 0.00

15 15 (15.07) 12.24 (6.27) 2.85 (12.10) (59.02) 11.89 8.23 11.82 32.39 5.12 62.06 90.26 144.87 76.33 228.72 (2.89) 106.49 136.72 82.43 133.79 (212.16) (38.97) 54.87 197.44 90.31 (4.99) 0.00

17 10 165.77 167.02 168.65 136.43 111.21 159.21 179.11 187.13 183.93 (117.29) (133.20) 121.22 (24.25) (135.59) (557.27) (811.36) 109.21 (142.42) (352.68) (243.06) (1029.86) (1145.21) (864.67) (178.43) (805.46) (658.13) 164.27 0.00

17 15 370.05 367.30 378.71 407.86 407.27 425.23 442.26 451.05 442.77 498.80 503.19 452.29 304.77 214.14 (72.43) (550.68) 439.46 219.54 (9.11) 158.01 (490.68) (576.87) (99.99) 161.02 (2.68) (318.06) 371.23 0.00

17 22,42 (218.96) (173.48) (104.20) (162.23) (222.65) (306.84) (264.91) (203.18) (276.15) (211.70) (233.81) (529.44) (661.94) (691.29) (1205.60) (2069.19) (707.43) (1034.27) (1364.47) (400.84) (2581.47) (2598.48) (1038.61) (742.57) (1139.41) (1709.89) (213.80) 0.00

17 24,26 306.30 240.56 174.02 230.48 298.67 360.76 291.42 227.23 282.40 272.74 309.48 406.80 117.19 (89.03) (368.35) (283.60) 164.00 11.23 (199.93) (551.12) (1268.54) (968.68) (71.85) (43.40) (34.89) (395.57) 314.80 0.00

18 10 (170.58) 115.45 44.81 109.25 109.08 115.73 115.35 73.76 (294.20) (557.05) (55.83) 69.78 115.84 88.09 77.60 (195.39) 22.48 145.19 (389.55) 152.85 (115.57) (170.77) 57.34 114.31 (871.25) (930.12) 115.27 0.00

18 20,40 33.51 87.38 32.41 (47.67) (23.68) (18.34) (153.20) (107.07) (57.10) 8.91 (43.63) (230.74) (96.44) (198.78) (133.49) (624.67) 6.96 205.71 231.38 (419.79) (873.10) (968.38) (269.09) (156.98) 322.78 113.39 38.41 0.00

18 24,26 146.15 64.86 119.07 180.55 156.67 110.96 238.25 226.31 250.94 238.47 172.33 338.09 137.28 229.81 192.43 (226.73) 83.73 (96.98) (143.47) 238.13 210.93 (658.20) 126.17 200.86 201.50 680.39 117.92 0.00

30 30 118.68 121.47 118.35 102.77 102.72 107.72 105.35 118.57 172.45 95.90 87.33 109.63 162.60 184.10 154.32 161.07 116.24 233.61 197.60 135.21 341.75 173.47 204.08 125.89 152.40 224.66 135.09 0.00

90 90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ExcludedClasses

20 10 94.65 51.38 20.97 (36.99) (95.94) (163.88) (232.61) (331.14) (474.36) (650.72) (655.60) (918.80) (1077.43) (1281.12) (1734.59) (2224.56) (570.02) (1070.74) (1361.94) (1575.58) (2556.78) (2837.35) (1528.38) (1099.04) (1473.02) (1824.39) 119.55 0.00

20 15 701.79 707.99 695.76 652.01 620.99 589.47 526.55 445.07 319.43 237.59 111.35 (54.41) (78.55) (286.67) (568.30) (1451.63) 296.79 (253.53) (266.30) (322.46) (1132.58) (1349.89) (581.67) (269.11) (354.06) (964.77) 709.12 0.00

20 22 (866.52) (1206.20) (1119.55) (1548.09) (1303.14) (1375.98) (1491.39) (1724.58) (1825.73) (2509.14) (2102.51) (2469.79) (2676.58) (2964.22) (3640.07) (4380.78) (2007.20) (2692.19) (3558.07) (3008.42) (4850.30) (5238.05) (3333.36) (2689.43) (3246.22) (3772.57) (1013.26) 0.00

20 24 176.02 134.92 95.21 (41.87) (6.01) (320.82) (192.24) (948.39) (373.40) (594.85) (983.56) (1038.20) (968.52) (1427.70) (1899.69) (2075.03) (1317.52) (1959.02) (1244.04) (1440.40) (2405.93) (2946.32) (1389.98) (1032.85) (2635.07) (1706.02) 99.80 0.00

21 10 (261.50) 148.90 135.90 151.51 5.37 157.11 (42.92) 3.62 (292.96) 148.23 150.84 104.16 (348.80) 41.65 (89.43) (737.83) 151.64 (358.93) 69.81 112.31 (846.95) (832.58) (888.07) (572.75) 48.74 (127.45) 145.20 0.00

21 20 (504.88) (541.70) (551.45) (606.11) (490.33) (527.64) (648.73) (1225.18) (663.85) (1050.84) (723.47) (808.73) (794.61) (872.02) (1493.11) (1889.60) (835.83) (749.34) (894.20) (819.27) (1935.07) (2861.87) (1209.03) (774.82) (937.25) (1220.55) (320.17) 0.00

21 24 10.44 (254.23) 1.72 (559.87) (31.02) (401.26) (392.48) (96.81) (59.20) (1052.35) (147.93) (138.84) (634.74) (215.75) (845.26) (1003.16) (171.74) (1028.70) (1382.91) (147.09) (1180.17) (1223.08) (270.29) (1101.53) (223.02) (1304.07) 14.21 0.00

25 10 463.00 1027.14 (113.73) 854.81 747.08 (17.13) 27.94 (159.23) (248.89) (752.84) (548.79) (563.32) (149.28) 346.87 349.86 (160.04) (711.36) 0.56 559.09 589.26 161.85 (710.06) 467.03 554.78 475.39 322.51 (1.96) 0.00

25 15 939.01 905.89 895.84 951.19 944.40 926.65 877.44 715.72 705.21 574.33 581.37 386.23 265.54 174.45 (186.62) (468.53) 652.57 327.09 119.50 185.04 (519.39) (767.59) (7.83) 286.56 38.05 (202.65) 800.48 0.00

25 26 316.01 201.96 201.80 213.60 (13.60) 163.50 97.75 124.51 (332.79) (240.87) (71.76) (248.31) (422.37) (868.31) (716.40) (349.54) 373.10 (463.26) 674.27 714.46 (1080.10) (871.84) (601.65) (1130.43) (878.14) (341.09) 301.09 0.00

25 42 (363.72) (265.94) (331.19) (400.71) (434.07) (655.95) (770.11) (750.24) (735.95) (1013.51) (1240.79) (1365.78) (1459.54) (1387.10) (1991.83) (1737.94) (1317.62) (827.77) (2204.27) (480.58) (3384.13) (3422.48) (1390.47) (1944.30) (2434.24) (2830.12) (199.33) 0.00

26 10 (186.40) 151.95 71.33 465.85 (36.52) 298.43 34.73 (98.93) 496.75 530.70 (476.01) (269.72) 548.69 494.80 (271.41) 44.51 (435.49) (562.76) 506.32 257.49 (45.53) (1490.62) 528.28 517.51 (718.25) (174.68) 343.81 0.00

26 26 115.57 202.48 222.94 214.95 200.21 216.74 276.40 349.76 304.69 283.78 315.72 355.01 307.06 377.58 261.12 280.41 371.05 954.98 939.80 (289.22) 715.11 544.36 263.22 515.60 (48.99) (54.00) 130.71 0.00

26 40 64.33 (16.62) (73.74) (44.50) (45.97) (55.07) (107.28) (125.66) (148.22) (1.40) (171.51) (336.00) (0.47) (548.92) (235.58) (798.77) (219.84) (247.34) (824.52) 6.17 (563.16) (582.69) 409.54 340.90 (129.47) (336.35) 8.48 0.00

Territory


PAGE 10 OF 10


PAGE 1 OF 1

2004.06.15 - notice of meeting - commauto.com

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